Turkey Industrial Output Growth Hits 5-Month High âšī¸
Turkey's industrial production grew 4.9% year-on-year in May 2025, with strong performance in mining, quarrying, and manufacturing sectors, indicating economic resilience.
Robust industrial production signals potential economic recovery and growth momentum, with accelerated output in key sectors suggesting improved industrial performance and economic health.
Turkey Retail Sales Rise to 14-Month High âšī¸
Turkish retail sales grew 17.7% year-on-year in May 2025, showing strong performance across food, non-food, and pharmaceutical product categories, with significant increases in various retail segments.
Robust retail sales data indicates moderate economic resilience in Turkey, but limited direct implications for the broader global portfolio. Growth appears sector-specific and regionally concentrated.
Turkey Current Account Deficit Widens in May âšī¸
Turkey's current account deficit slightly increased to $0.68 billion in May 2025, marking the seventh consecutive month of deficit, with a widening goods account deficit offset by improvements in services and income accounts.
Marginal changes in Turkey's current account deficit suggest minimal immediate economic disruption, with balanced improvements in services and income offsetting the goods account deficit expansion.